Cargojet Inc. (TSE:CJT – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$148.20.
Several equities analysts recently weighed in on CJT shares. Acumen Capital increased their price target on shares of Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. ATB Capital increased their target price on shares of Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Royal Bank of Canada cut their target price on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Scotiabank increased their target price on shares of Cargojet from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Cormark cut their target price on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th.
Cargojet Price Performance
Cargojet (TSE:CJT – Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported C($0.14) earnings per share for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The company had revenue of C$221.90 million for the quarter, compared to the consensus estimate of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%. On average, research analysts expect that Cargojet will post 3.6871632 EPS for the current year.
Cargojet Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Cargojet’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, March 19th. Cargojet’s dividend payout ratio is presently 57.80%.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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